RBI to release more coins in Mumbai

The Reserve Bank of India (RBI) announced it will begin next week releasing coins through four national banks in Mumbai. An RBI spokesperson said on 13 April that the central bank periodically extends the service in response to demand from local groups. But the spokesperson could not confirm if the coins will be released in the Capital too.

On 16 March, Mint reported numerous complaints from individuals and retailers, primarily in New Delhi, that many banks were refusing their requests for coins. At RBI, some customers said, they did not always receive the coins requested. RBI said customers will be able to secure coins in Re1, Rs2 and Rs5 denominations at Corporation Bank‘s D.N. Road branch in Fort Mumbai on 17 April. Coins will be available in the Central Bank’s Mumbai main branch on M.G. Road, Fort Mumbai, on 19 April and in Oriental Bank of Commerce’s Dadar branch on A.L.F. Gokhale Road on 24 April. Bank of Baroda is expected to disburse the coins at its Sanjay Building premises in Goregaon on 26 April.